COFCO to invest more in Brazil, but will be selective, says exec
SAO PAULO (Reuters) – Chinese state-owned commodities trader COFCO INTL [CNCOF.UL] plans to continue to invest in Brazil in the near future after having quickly achieved a significant position in the local commodities market, but will be very selective in choosing next targets.
COFCO sources and trades grains, oilseeds, sugar, coffee and cotton in Brazil, where it hosts most of its 36 Latin American warehouses, eight food processing plants and 10 port terminals.
By Marcelo Teixeira and Roberto Samora via Reuters